Price: 0.0659 | EMA7: 0.07 | EMA25: 0.1 | RSI14: 38.52 | Resistance: 0.648 | Support: 0.054 | Average Volume: 145320998.63 | Volume Trend: Decreasing
Based on the provided technical analysis of WOOUSDT over the past week, here is my advice:
1. Long Entry Prices:
- EMA7 (0.0698) presents a slight upside potential, suggesting considering long entries if the price reaches and holds above 0.0698.
- EMA25 (0.1004) remains a more significant level to target long entries, as a clear break and hold above it signifies a stronger bullish signal.
2. Short Entry Prices:
- Price below 0.054 provides immediate short entry opportunities during a sell-off or on a break below this crucial level.
Additionally, considering your risk tolerance and trading style, here is a longer-term buy recommendation:
Best Spot Buy Price: Focus on buying WOOUSDT closer to the support level at 0.054, preferably when it experiences a bounce or retracement towards this level, indicating potential buying opportunities. Strengthen your position by waiting for indications of near-term bullish momentum, such as the Price Oscillator turning positive or a candlestick pattern showing bullish reversal.